XRP News Today: Doppler Secures $3M Seed Funding to Build XRP Yield Protocol

Doppler Finance has raised $3 million in a seed funding round led by Reforge to build an institutional-grade yield protocol on the XRP Ledger (XRPL), aiming to unlock the asset’s underutilized $200 billion market [1]. Despite its large market cap, less than 0.1% of XRP generates onchain yield due to the lack of native staking mechanisms and institutional-grade infrastructure [1]. This structural gap has left the XRP Ledger behind in the yield generation race, where competitors like Ethereum and Solana offer more active onchain opportunities [1].

The newly funded initiative, dubbed “XRPfi,” aims to introduce a dedicated financial layer to the XRP Ledger, enabling regulated funds, wealth managers, and fintech platforms to deploy their assets in a secure, transparent, and compliant manner [1]. The round was oversubscribed and included participation from major crypto entities such as DCG, Maven 11, Hashkey Capital, and others [1]. Carl Hua of Reforge emphasized that the Doppler team’s compliance-first approach and technical expertise position it to set a new standard for institutional yield generation on XRP [1].

Doppler’s solution involves users depositing XRP into qualified custodians like Fireblocks, Bitgo, and Ceffu, where the assets are then managed by Doppler to generate yield. The platform emphasizes real-time proof of reserves, audited strategies, and off-exchange yield generation to reduce counterparty risks [1]. In addition, Doppler has successfully undergone legal and technical audits, reinforcing its credibility from the outset [1].

The platform also supports RLUSD, Ripple’s U.S. dollar–pegged stablecoin, as a core liquidity engine. Doppler recently launched the RLUSD Vault, allowing users to deposit and earn yield on the stablecoin [1]. The company is developing APIs and SDKs to enable seamless integration by custodians and wallets, aiming to offer compliant yield products to broader user bases [1]. Doppler has already seen over $500 million in institutional capital expressed interest in its offerings [1].

Anna Bertha of DCG noted that Doppler is unlocking a large pool of liquidity previously untapped on the XRP Ledger. The firm believes Doppler’s deep expertise in the XRP ecosystem and Asian trading markets will drive its success [1]. The Doppler Finance team views its launch as the first step in integrating modern financial mechanics with the XRP Ledger’s existing infrastructure, aiming to create a bridge between institutional compliance and DeFi composability [1].

Unlike other ecosystems that focus on high annual percentage yields (APYs), Doppler prioritizes sustainable and custody-secured infrastructure. By doing so, the company aims to make onchain yield accessible and safe for both retail and institutional investors [1].

Source: [1] New infrastructure aims to awaken XRP’s dormant $200B market (https://cointelegraph.com/news/new-infrastructure-aims-to-awaken-xrp-s-dormant-200b-market)